Washington and Beijing reached agreement on many issues – Trump said after a gathering of just over 100 minutes. After the talks, both leaders left the building and exchanged a fewer more words.
I think it was an amazing meeting. He's a large leader, a large leader of a very powerful, very strong country, China, and what can I say? We made outstanding decisions. said Trump.
The U.S. president announced an yearly agreement with China under which the United States will reduce the customs duties on Chinese goods by 10 percent points and temporarily suspend the remaining tariffs. In return, China undertook to halt the planned export controls on uncommon earth metals for a year and to reduce the flow of chemicals utilized in the production of fentanyl. As a result, duties on Chinese imports will fall from 57 to 47%.
These results of the consultation have been achieved hard work – handed over to the Chinese Ministry of Commerce. – China looks forward to working with the United States to implement them effectively.
Development of AI and chips
Donald Trump reported that during talks with Xi Jinping, the subject of selling American chips utilized in the improvement of artificial intelligence was discussed. Despite the concerns of any politicians and experts, however, he did not agree to export NVIDIA's most modern Blackwell processors.
War Case
Trump and Jinping's talk besides came down about the war in Ukraine. Both leaders agreed to cooperate in seeking possible solutions to the conflict. As the president of the United States has reported, both sides see the deadlock on the front and express their willingness to end the armed action, even though the war has no direct impact on their countries. Trump added that the talks did not cover the Chinese purchases of Russian oil in detail.
They've been buying oil from Russia for a long time. This allows to meet the needs of much of China – he said.
